is a restraint of trade in which competitors agree that each will serve only a designated portion of the market.

Division of Markets

Explanation:

Market division is basically the division of a market into groups according to their similar interests. In other words, market division is a trade restriction where competitors agree that each will serve only a designated part of the market.  In this type of division, each individual has a predominant area of interest, and these individuals form groups that share these interests. By tendency, they have similar feelings and perceptions about certain situations

The need for market division facilitates the understanding of what type of audience is a priority for marketing, conveying product characteristics with a focus on the desired consumer group, optimizing and directing marketing efforts.

answer; the above statement is ( false );